The typical 1031 Exchange is not Tax Free. It is tax deferred and sometimes there is recognized tax. Is there a simple way to tell whether your gain will be deferred or recognized? Marvin Starr, a legendary Oakland California attorney, designed what he called the napkin test. He always explained that he wrote it out […]
When you go to the DRE website, you will see a screen at the top with 5 numbers. If you click on the numbers, important links will appear recommending topics you should research. I consider these the five items that are most important to DRE and hence, they should be important to you. I visited […]
The Small Business Virtual Tax Workshop can help business owners learn how to navigate their federal tax responsibilities. This workshop is an easy and convenient way for both new and experienced small business owners to learn or review topics relevant to their business. Available online at IRS.gov; it’s free and available 24/7. People can watch the video […]
First, there are many rules about the amount that can be collected. The major problems arise at check-out time. Such as agreeing what is normal wear and tear, and slow deposit return by landlords. Example: The rent is $3,000 a month and the apartment is unfurnished. You all probably know that the maximum security deposit […]
Title: The Little Silver Book: Technology Rules to Live By for Realtors®. It is little. The size of a 4 by 5 card and only 35 pages. What does NAR say about their new product? “The Little Silver Book: Technology Rules to Live by for Realtors® is a must-have for all REALTORS®. It includes key do’s […]
Three major state utility companies are proposing a new way to charge their residential customers, and part of billing for electricity would be based on income. PG&E, Southern California Edison and San Diego Gas & Electric filed a joint proposal with the state Public Utilities Commission seeking to add a fixed monthly charge for services, […]
We can get locked into doing the same old procedures and expecting different results. You might check out different methods. You do not have to adopt everything, you just have to find one good one for you. I think that you should all learn about selling or lending on single family rental units, learn property […]
As we all know the IRS received some money from this bill. I received another email from the IRS outlining their plans for the new money. Following is an important and interesting paragraph from the communication. As I have said many times, you should check out the IRS.gov website and request any informative emails that […]
This information is in an article from the American Association of Private Lenders latest magazine written by Elizabeth Morales, Chief Marketing Officer at Applied Business Software. The valuable tips are valuable for any business. Time to revisit your techie personality. #1. Write blogs #2. Become a member of an Association #3. Don’t overlook online directories #4. Pay attention to […]
The Department of Real Estate has released their outstanding book, California Tenants—A Guide to Residential Tenants and Landlords’ Rights. Updated in 2023, 137 Pages referencing 462 Code Sections everyone should know. Many important topics ranging from Who is a Landlord or Tenant to Terminations and Evictions. Get your copy online at DRE’s Website and print […]
